Was Osterweis Capital Management Right About These 5 Stocks?

1. Alphabet Inc. (NASDAQ:GOOG)

Osterweis Capital Management’s Stake Value: $104.4 million
Performance of the stock over the past 12 months as of November 24: -32%

Alphabet Inc. (NASDAQ:GOOG) is an American multinational tech conglomerate that operates as the parent company of the Google search engine, and provides online products like Google Maps and YouTube.

Osterweis Capital Management, as of the end of the third quarter, held 39,204 shares of Alphabet Inc. (NASDAQ:GOOG), amounting to more than $104.4 million in worth and accounting for 5.7% of the fund’s total portfolio value.

On November 2, Morgan Stanley analyst Brian Nowak raised the price target on Alphabet Inc. (NASDAQ:GOOG) shares to $3,200 from $3,000, and kept an Overweight rating on the shares of the company.

Here is what Giverny Capital Asset Management has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2021 investor letter:

“During the quarter we trimmed two positions, (which includes) Alphabet, after significant run-ups. Alphabet remains our largest holding at a 9% weight. When it rose above a 10% weight in late July, we brought it down a bit. I won’t automatically trim a position when it reaches the 10% threshold, but Alphabet nearly doubled from the summer of 2020 to 2021 and it felt responsible to take some gains.”

You can also take a look at Tech Stock Portfolio: 10 Tech Stock Picks from Andrew Immerman and Jeremy Schiffman’s Palestra Capital Management and 10 Stocks to Buy in 2021 According to Guy Spier’s Aquamarine Capital.

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